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Cable Update (GBPUSD)

  • #219,901
  • Apr 20, 2010 5:29pm Apr 20, 2010 5:29pm
Quoting malcolmb14
30 min

stopping volume on 30 min on last weeks close sent market sideways for many hours. This is a sing of strength and could indicate direction for at least part of London tonight

I am betting this moves up tonight with an atr of about 120 , into 1.5480 to 1.5500 ish

Attachment
1.5423
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 45 KB
  • #219,902
  • Apr 20, 2010 6:09pm Apr 20, 2010 6:09pm
Quoting malcolmb14
30 min

stopping volume on 30 min on last weeks close sent market sideways for many hours. This is a sing of strength and could indicate direction for at least part of London tonight

I am betting this moves up tonight with an atr of about 120 , into 1.5480 to 1.5500 ish

Attachment
hey Malc, what about the other candle on the other side of that mountain i think its the one corresponding to tallest volume bar ( in red) doesnt taht indicate selling??
  • #219,903
  • Apr 20, 2010 6:37pm Apr 20, 2010 6:37pm
Quoting lexazver
hey Malc, what about the other candle on the other side of that mountain i think its the one corresponding to tallest volume bar ( in red) doesnt taht indicate selling??
According to your chart the price already broke down??? where do you see it's going up man
  • #219,904
  • Apr 20, 2010 6:46pm Apr 20, 2010 6:46pm
Quoting pacha group
According to your chart the price already broke down??? where do you see it's going up man
hopefully close to 1.52 by tomorrow close.
  • #219,905
  • Apr 20, 2010 7:09pm Apr 20, 2010 7:09pm
Quoting aadiab
1.5423
The last 2 moves up in the Pound have come in 3 waves so I think we are done going up like Judge Mylian says "STICK A FORK IN ME IM DONE" Down down down we go to make a new low 147
  • #219,906
  • Apr 20, 2010 7:28pm Apr 20, 2010 7:28pm
We get into resistance area weekly, monthly pivot there is less resistance going back down to 1.52 so keeping my short so far.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd20avril.gif Size: 29 KB
  • #219,907
  • Apr 20, 2010 7:39pm Apr 20, 2010 7:39pm
Lejumeau:

Can I ask what the name of that dynamic S/R indicator is? Thank you very much.
  • #219,908
  • Apr 20, 2010 7:53pm Apr 20, 2010 7:53pm
Quoting ElGocho
Lejumeau:

Can I ask what the name of that dynamic S/R indicator is? Thank you very much.
wich one do you refer the line or the box
actualy the box is just a drawing that a put on to show what I mean all the other line are the daily,weekly,and monthly pivot.
  • #219,909
  • Apr 20, 2010 7:59pm Apr 20, 2010 7:59pm
Good morning

okay, same chart, same plan, different day. Tho price is still below major supp/res level, I choose to follow the direction of the ascending tl & will only look to buy dips. No plans to scalp this pair today.
Price had now retested both the ascending ltl & the rejection off the steeper ltl wasn't that great had prompted us to maintain long for now.
However our D1 bollinger is showing increased squeeze, prompting us to not place large orders yet.
Again, we collect daily, & partial profit had already been booked yesterday.

Trade :
1. http://www.forexfactory.com/showpost...postcount=6213

Good luck. Unless you're at the opposite of my trade

Previous charts:
1, http://www.forexfactory.com/showpost...postcount=6204
Attached Image (click to enlarge)
Click to Enlarge Name: gudr.gif Size: 21 KB
Thank You
  • #219,910
  • Apr 20, 2010 8:04pm Apr 20, 2010 8:04pm
Lejumeau

Actually, I'm referring to the lines drawn on the chart. If you don't mind sharing, what's the name of that indicator and where can I find it? It's just drawing lines of S/R dynamically on the chart, right?
  • #219,911
  • Apr 20, 2010 8:22pm Apr 20, 2010 8:22pm
Quoting lexazver
hey Malc, what about the other candle on the other side of that mountain i think its the one corresponding to tallest volume bar ( in red) doesnt taht indicate selling??

yes it does indicates selling , however the fact that we stopped on weekly close of last week on what could be a potential climatic action on a 30 min maybe be bullish ,

1.5380 is major R on the daily and in asia so far we have seen a low volume move down which maybe positioning for next 12hours

I am waiting to see what frankie does.
Blogging daily now at www.volume.zone
  • #219,912
  • Apr 20, 2010 9:13pm Apr 20, 2010 9:13pm
Quoting ElGocho
Lejumeau

Actually, I'm referring to the lines drawn on the chart. If you don't mind sharing, what's the name of that indicator and where can I find it? It's just drawing lines of S/R dynamically on the chart, right?
Hi Elgocho

yes these are daily and weekly pivot that draw automatic you can expect reaction price at these level here are the indicator.

here is the monthly pivot
weekly pivot
all level pivot = daily pivot

enjoy I found them to be quite good with gbpusd
Attached File(s)
File Type: ex4 Pivots_Monthly.ex4   7 KB | 265 downloads
File Type: mq4 weeklypivot.mq4   5 KB | 281 downloads
File Type: mq4 pivot_alllevels.mq4   5 KB | 307 downloads
  • #219,913
  • Apr 20, 2010 9:19pm Apr 20, 2010 9:19pm
Lejumeau

Thank you very much, I really appreciate it.
  • #219,914
  • Apr 20, 2010 9:24pm Apr 20, 2010 9:24pm
Quoting Lejumeau
Hi Elgocho

yes these are daily and weekly pivot that draw automatic you can expect reaction price at these level here are the indicator.

here is the monthly pivot
weekly pivot
all level pivot = daily pivot

enjoy I found them to be quite good with gbpusd
thx for sharing, but i guess daily indicator iant working properly
  • #219,915
  • Apr 20, 2010 9:27pm Apr 20, 2010 9:27pm
Quoting Lejumeau
Hi Elgocho

yes these are daily and weekly pivot that draw automatic you can expect reaction price at these level here are the indicator.

here is the monthly pivot
weekly pivot
all level pivot = daily pivot

enjoy I found them to be quite good with gbpusd
which pivot do you think the good one (more work i mean) and what broker do you use?
thanks you.
I will be the number one Manager.
  • #219,916
  • Apr 20, 2010 9:40pm Apr 20, 2010 9:40pm
Quoting javapips
which pivot do you think the good one (more work i mean) and what broker do you use?
thanks you.
since there are not lagging indicator put it on your chart and look at the past where the price react the most. but the way to use them is when price cross the main pivot you look foward to the next pivot line like if you climb a stair case.
I use the daily for short them direction and the weelky for longer therm, if you put the weekly on the 4hr chart you will see how accurate many time the weekly is.

on the daily pivot I found that many time when price reach the second level pivot what ever is up or down price will reverse.

just study it so you can see how you can implement it in your trading. there is lot of tutorial on youtube or on the net explaining how to use pivot.

but from my experience it is one by far the best indicator to help you out in your decision.
  • #219,917
  • Apr 20, 2010 9:42pm Apr 20, 2010 9:42pm
I use FXDD and I take close look of the weekly pivot on the1hr and 4hr and the monthly pivot on the daily chart for reverse trend.
  • #219,918
  • Apr 20, 2010 9:49pm Apr 20, 2010 9:49pm
GU not clear atm...am long gj. nice long opportunity for 44.
Its all in the mind.
  • #219,919
  • Apr 20, 2010 9:50pm Apr 20, 2010 9:50pm
Quoting Lejumeau
since there are not lagging indicator put it on your chart and look at the past where the price react the most. but the way to use them is when price cross the main pivot you look foward to the next pivot line like if you climb a stair case.
I use the daily for short them direction and the weelky for longer therm, if you put the weekly on the 4hr chart you will see how accurate many time the weekly is.

on the daily pivot I found that many time when price reach the second level pivot what ever is up or down price will reverse.

just study it...

that really help newbie like me, many thanks. and you for get some thing, may i know what brokER do you use? just initial name if you don't want give free advertise for them (ex: mb. / al*ari / ib )
I will be the number one Manager.
  • #219,920
  • Apr 20, 2010 9:54pm Apr 20, 2010 9:54pm
Quoting javapips
that really help newbie like me, many thanks. and you for get some thing, may i know what brokER do you use? just initial name if you don't want give free advertise for them (ex: mb. / al*ari / ib )
I use FXDD broker they are syncronise with New york Eastern time so that mean the indicator and the daily candle are closing at 5pm eastern time
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